Thanos5555:


simple the oil money has been under the control of mostly Northern Fulani Leaders, whose original country of origin is either CHAD, NIGER, OR SOMALIA. unfortunately they have been deceiving the HAUSAS that the money is coming NORTH, but then they use the back door to send it to thier original FULANI country.

now is ATIKU looks strong to win 2023 elections, his brother is a senator in cameroon, let that sink in.

the HAUSAS should know the southerners are silently watching them, when FULANI empty all the resources and migrate to thier countries, they will settle our score with them for being Dummies

mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country

AnthonyAk:


But he is correct, have you ever paid any form of taxes in your life?

MasterKernel:
The nation doesn't have the features of a nation that will last for than 40 years from now.

The leaders are looting and dumping outside.
Nationals are running out of the nation.
70% Are living below poverty level.
No Power
High Poverty rate
Insurgency
High mortality
High Unemployment rate
High Crime Rate.

Please state one thing wey Nigeria dey do well?

Mrtaye:

So the ones that have been pilfering the resources over the years hence causing the underdevelopment, impoverishment and insecurity we the oppressed and impoverished should be taxed for them to pilfeer the more abi

mrvitalis:

Oga it's average ... people makes billions a month in Nigeria they would pay 100s of millions so they would average it out

mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country

babasolution:
this report is very malicious its purely designed to make Africa and Nigerians look bad

gaby:


Pay from what you earn and not a job or conducive environment the government has created for you abi, while they mop up and swallow the "pay from what you earn" as usual.

You don't attempt to remedy issues from the middle or head. You go to the roots and work it up.

naughtyguess:


That's a very myopic point view, we are competing with nobody and we don't need 150k tax to develop. Abuja is developing without 150k tax, same as Lagos, go and check Ogun state now. We just need sincere leaders who can take us one step ahead at a time. Rome wasn't built in a day!

mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country

uuzba:

All the masters degree and PhD holders in this nigeria cannot refine Nigerian oil.
Oyibo has to refine it for us.

Iolo:


You’ve hit the nail in the head. We are too many for the revenue being generated by the government. I do think the fallacy of oil money means the average Nigerian think we are rich.

Even if we eradicate corruption 100%, Nigeria will not turn to Dubai until the government increases revenues significantly.

Maconstruct:

For safety reasons and sorts FG hasn't lifted ban on what would have been private modular refineries

Reference:


And how many people make this sir... these billions you talk about....
And I don't mean government billionaires because that is NOT PRODUCTIVITY, but round tripping, i.e collecting government money and giving little back to government in so called taxes.

Ask yourself, how many so called billionaires in Nigeria INDEPENDENTLY CREATE WEALTH, particularly wealth that comes in the form of foreign exchange which is the true position of productivity, how many.

Are you not aware of the stark report that over 90% of Nigerians have less than N500,000 in their accounts.
That is a nation with less than 50% of its citizens even owning a bank account.
Mt friend this nation is very, very poor.
There is no way in the world that 5% of the population can float the poor on their own in the system we operate even if all their resources are cornered.

Be real. We are a homely, extended 'familyesque' society.... yet it has done nothing to touch poverty even with an average man with a job/business indirectly feeding twelve.... absolutely nothing.

We need a complete change in orientation, a change in philosophy to get Nigeria out of big trouble.

SouthSouth1914:


Mumu, how can you pay tax when there is no job creation? You nincompoops will just open mouth wide and start spilling rubbish.. nonsense human beings with little or no knowledge of economics!

Reference:


Exactly what I have been saying for years and shouting from the roof tops when we they were flying Mr. Buhari's anti corruption toga like a kite. We told them that corruption was not the problem of Nigeria but STRUCTURE, one not attuned to productivity.

Can you remember the infamous Obi's debate with Mr. Osinbajo and the tale of the rats in the shop....
I bet Mr. VP will be gobsmacked at what has befallen Nigeria after their anti-corruption crusade and the 'wealth' it has brought Nigeria....

And where will revenue come from if not productivity, the productivity primarily anchored in the roots of industrialization from which all other branches of the economy spring forth.

And where will industrialization come from, what will trigger it, yes, big budget infrastructural expenditure and here lies the twin follies of poverty that has crashed our economy today.

Our industrialization drive and infrastructural spending failed to meet our biggest wasteful expenditure, we did not invest in petroleum refining insisting on railways instead and after borrowing heavily for that, we gave everything over to the chinese to build robbing us of the industrial trigger required to build a productive economy.

This is where intelligent, visionary leadership is critical. Leaders who know INDEED how to create wealth, how to build economies from scratch, how to wean this country from consumerism, rent-seeking and round tripping....

MasterKernel:
The nation doesn't have the features of a nation that will last for than 40 years from now.

The leaders are looting and dumping outside.
Nationals are running out of the nation.
70% Are living below poverty level.
No Power
High Poverty rate
Insurgency
High mortality
High Unemployment rate
High Crime Rate.

Please state one thing wey Nigeria dey do well?

mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country

babasolution:
this report is very malicious its purely designed to make Africa and Nigerians look bad

MasterKernel:
The nation doesn't have the features of a nation that will last for than 40 years from now.

The leaders are looting and dumping outside.
Nationals are running out of the nation.
70% Are living below poverty level.
No Power
High Poverty rate
Insurgency
High mortality
High Unemployment rate
High Crime Rate.

Please state one thing wey Nigeria dey do well?

mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country

mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country

mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country

babasolution:
this report is very malicious its purely designed to make Africa and Nigerians look bad

babasolution:
this report is very malicious its purely designed to make Africa and Nigerians look bad

babasolution:
this report is very malicious its purely designed to make Africa and Nigerians look bad

babasolution:
this report is very malicious its purely designed to make Africa and Nigerians look bad

mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country

wink2015:
Nigeria has the biggest oil reserves in Africa but who’s cashing in?
Nigeria is Africa’s top oil producer and has its biggest economy.
But it’s also coping with crushing levels of poverty.
So where does all that oil money go?


https://www.youtube.com/watch?v=SnqLPSCWads